Inheritance tax could nullify the progress India made in last 10 years: Nirmala Sitharaman
The finance minister criticised the Congress party for allegedly advocating the inheritance tax.
Union Finance Minister Nirmala Sitharaman participated virtually in the G-20 International Seminar hosted in Bali by the G-20 presidency of Indonesia from New Delhi on Thursday.
Speaking on the G-20’s theme for the year, “Recover Together, Recover Stronger”, the Finance Minister stressed the fact that for a strong, sustainable, balanced, and inclusive recovery of the global economy, it is imperative to ensure collective progress of all countries. Towards achieving this goal, she said that the critical role of multilateralism and collective action. Smt. Sitharaman also underlined the importance of Inclusion, Investment, Innovation, and Institutions to support the path of global recovery.
The Finance Minister emphasised the importance of ensuring affordable and equitable access to vaccines and therapeutics to bridge the divergences being witnessed in the global economic recovery. In this context, Smt. Sitharaman highlighted that so far India has administered over 1.25 billion doses of vaccines and supplied more than 72 million vaccine doses to over 90 countries, including by way of grant thereby reflecting India’s commitment to coordinated global action.
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Finance Minister stressed the importance of enhanced infrastructure investments for enabling a quick and stable return to the growth path.
Sitharaman also emphasised that green investments will play a key role in the rebuilding efforts of governments and called upon the G-20 to deliberate on how climate finance and green technologies can be made available to developing countries so as to incentivize and accelerate their efforts towards green growth.
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